SOL Capital Management CO Buys 23,521 Shares of Carlyle Group Inc. (NASDAQ:CG)

SOL Capital Management CO lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 15.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,485 shares of the financial services provider's stock after buying an additional 23,521 shares during the quarter. Carlyle Group comprises 0.9% of SOL Capital Management CO's holdings, making the stock its 29th biggest position. SOL Capital Management CO's holdings in Carlyle Group were worth $7,780,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CG. Bank Pictet & Cie Europe AG acquired a new stake in Carlyle Group during the fourth quarter worth approximately $215,000. Principal Securities Inc. grew its holdings in shares of Carlyle Group by 54.5% during the 4th quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider's stock worth $71,000 after purchasing an additional 495 shares in the last quarter. Truist Financial Corp increased its position in shares of Carlyle Group by 6.0% in the fourth quarter. Truist Financial Corp now owns 40,687 shares of the financial services provider's stock worth $2,054,000 after purchasing an additional 2,316 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Carlyle Group in the fourth quarter valued at about $354,000. Finally, IFP Advisors Inc increased its holdings in Carlyle Group by 46.9% in the 4th quarter. IFP Advisors Inc now owns 1,329 shares of the financial services provider's stock valued at $67,000 after buying an additional 424 shares during the period. Institutional investors own 55.88% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CG. Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Oppenheimer cut shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Morgan Stanley cut their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price target on shares of Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Barclays raised their price objective on Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of "Hold" and an average target price of $53.00.

Carlyle Group Trading Up 3.1%

Shares of Carlyle Group stock traded up $1.54 during midday trading on Thursday, reaching $50.67. The company had a trading volume of 3,260,490 shares, compared to its average volume of 2,622,436. The stock has a fifty day moving average price of $43.71 and a 200 day moving average price of $46.75. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm has a market cap of $18.30 billion, a PE ratio of 17.18, a P/E/G ratio of 1.06 and a beta of 1.85. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter in the previous year, the company earned $1.01 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Monday, May 19th. Carlyle Group's dividend payout ratio is 47.46%.

Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.